The Algerian and North-African market: Rising oil and gas revenues – Construction boom – Massive investments

Algeria, Morocco, Tunisia, Libya and Egypt are all committed to become modern and open-minded societies. High oil and gas revenues together with economic opening, liberalisation and privatisation have created constant GDP growth of more than 5% during the past years.
 
In Morocco, the gross domestic product reached US$ 73.4 billion in the year 2007, in Tunisia US$ 35.0 billion, in Libya US$ 57.1 billion and in Egypt US$ 127.9 billion.
 
With a gdp of more than US $ 135 billion in 2007, foreign exchange reserves of US$ 110 billion, and exports of petrochemicals worth US$ 58 billion, Algeria is the economic powerhouse on the African continent, ranking second only after South Africa.
 
The electro-technology sector in Algeria enjoys a level of growth unlike no other North-African country. The current construction boom contributes to the huge increase in demand for electro-technology, building automation equipment and lighting products and solutions. electro, Automation Industrielle & energy‘09 exhibitors profit from a massive investment program, which helps to develop the country’s infrastructure and to improve the living conditions for the Algerians. 

electro, Automation Industrielle & energy 09 is North-Africa’s lead event for the power and electrical engineering business community, the platform where decision makers, technology leaders and trade meet to network and to do business.